Massive==> Nestle Post N21Billon Profits For Year Ended December 2012

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Nestle once again has posted impressive earnings following the release of their year end to December 2012 results. Revenue increased  19% to N116b when compared to the same period last year. Pre-tax profits also increased 38% to N25billion while profit after tax also increased 27% to N20.9billion.

The company was also able to hold cost as the percentage of operating expenses to revenue largely remained unchanged. Finance cost also reduced massively (72%) N3.3billion to N940million only. Cash flow from operations was a massive N30billion much of which was used to repay loans of about N11billion. See the full results below as published on the website of the NSE.

NESTLE NIGERIA PLC AUDITED ACCOUNTS FOR THE YEAR ENDED DECEMBER 31 2012

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